Breaking News

Q2 Earnings Highlights: Gibraltar (NASDAQ:ROCK) Vs The Rest Of The Home Construction Materials Stocks

By Stock StoryStock MarketsOct 18, 2024 04:41

ca.investing.com/analysis/q2-earnings-highlights-gibraltar-nasdaqrock-vs-the-rest-of-the-home-construction-materials-stocks-200609008

By Stock Story | Oct 18, 2024 04:41

Saved. See Saved Items.

This article has already been saved in your Saved Items

As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the home construction materials industry, including Gibraltar (NASDAQ:ROCK) and its peers.

Traditionally, home construction materials companies have built economic moats with expertise in specialized areas, brand recognition, and strong relationships with contractors. More recently, advances to address labor availability and job site productivity have spurred innovation that is driving incremental demand. However, these companies are at the whim of residential construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of home construction materials companies.

The 12 home construction materials stocks we track reported a mixed Q2. As a group, revenues missed analysts’ consensus estimates by 2.4% while next quarter’s revenue guidance was 22.9% below.

The Fed cut its policy rate by 50bps (half a percent) in September 2024, the first in roughly four years. This marks the end of its most pointed inflation-busting campaign since the 1980s. While CPI (inflation) readings have been supportive lately, employment measures have bordered on worrisome. The markets will be assessing whether this rate cut's timing (and more potential ones in 2024 and 2025) is ideal for supporting the economy or a bit too late for a macro that has already cooled too much.

Thankfully, home construction materials stocks have been resilient with share prices up 8.7% on average since the latest earnings results.

Gibraltar (NASDAQ:ROCK)

Gibraltar (NASDAQ:ROCK) makes renewable energy, agriculture technology and infrastructure products. Its mission statement is to make everyday living more sustainable.

Gibraltar reported revenues of $353 million, down 3.3% year on year. This print fell short of analysts’ expectations by 5.5%. Overall, it was a slower quarter for the company with a miss of analysts’ earnings estimates.

“We delivered solid execution and strong operating cash flow performance across Gibraltar, generating $36 million, while overcoming two market headwinds that impacted growth in our Residential and Renewables businesses in the quarter. ” stated Chairman and CEO Bill Bosway.

Gibraltar delivered the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 16.3% since reporting and currently trades at $67.18.

Is now the time to buy Gibraltar? Find out by reading the original article on StockStory, it’s free.

Best Q2: JELD-WEN (NYSE:JELD)

Founded in the 1960s as a general wood-making company, JELD-WEN (NYSE:JELD) manufactures doors, windows, and other related building products.

JELD-WEN reported revenues of $986 million, down 12.4% year on year, falling short of analysts’ expectations by 1.4%. However, the business still had an exceptional quarter with an impressive beat of analysts’ organic revenue estimates and an impressive beat of analysts’ earnings estimates.

JELD-WEN scored the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 7.2% since reporting. It currently trades at $15.74.

Weakest Q2: Simpson (NYSE:SSD)

Aiming to build safer and stronger buildings, Simpson (NYSE:SSD) designs and manufactures structural connectors, anchors, and other construction products.

Simpson reported revenues of $597 million, flat year on year, falling short of analysts’ expectations by 1.3%. It was a disappointing quarter as it posted a miss of analysts’ earnings estimates.

Interestingly, the stock is up 5.5% since the results and currently trades at $190.81.

Trex (NYSE:TREX)

Addressing the demand for aesthetically-pleasing and unique outdoor living spaces, Trex Company (NYSE:TREX) makes wood-alternative decking, railing, and patio furniture.

Trex reported revenues of $376.5 million, up 5.6% year on year. This print came in 2.9% below analysts' expectations. Overall, it was a slower quarter as it also recorded a miss of analysts’ organic revenue estimates.

The stock is down 16.5% since reporting and currently trades at $63.89.

Fortune Brands (NYSE:FBIN)

Targeting a wide customer base of residential and commercial customers, Fortune Brands (NYSE:FBIN) makes plumbing, security, and outdoor living products.

Fortune Brands reported revenues of $1.24 billion, up 6.6% year on year. This result came in 3.1% below analysts' expectations. Overall, it was a softer quarter as it also logged a miss of analysts’ earnings and organic revenue estimates.

The stock is up 23.1% since reporting and currently trades at $88.87.

This content was originally published on Stock Story

(NASDAQ:ROCK) Vs The Rest Of The Home Construction Materials Stocks

Add a Comment

5 Canadian Stocks That Won’t Feel the Impact of Tariffs By Simon Belanger - Mar 10, 2025

The trade war between Canada and the U.S. is evolving fast, and its impact on investors is undeniable. In this episode, we break down the latest developments,...

Gold Miners Have Been Cast Aside—But Smart Money May Be Rotating in By Gary Tanashian - Mar 10, 2025

One chart shows the details of an important historical analog for gold stocks Through many years of frustration among gold bugs due to the failure of gold stock prices to leverage...

S&P 500, Russell 2000 Break Key Trendlines - Deeper Correction Ahead? By Declan Fallon - Mar 10, 2025

I know there is the smell of fear in the air when I see my readership double as we reach a point where weekly chart factors come into play. Up until last week, markets have...

Add a Comment

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read and understood Investing.com Canada's comment guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d68-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d68-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d68-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

S&P/TSX	24,380.71	-378.05	-1.53%
S&P/TSX 60	1,471.87	-20.15	-1.35%
US 30	41,926.5	+14.2	+0.03%
US 500	5,611.4	-3.3	-0.06%
S&P 500 VIX	27.86	+4.49	+19.21%
DAX	22,620.95	-387.99	-1.69%
Dollar Index	103.90	+0.08	+0.08%

Crude Oil WTI	65.81	-0.10	-0.15%
Brent Oil	69.14	-1.22	-1.73%
Natural Gas	4.462	+0.001	+0.02%
Gold	2,891.99	-1.31	-0.05%
Silver	32.423	-0.043	-0.13%
US Soybeans	1,013.25	0.00	0.00%
US Cotton #2	65.94	-0.13	-0.20%

Bombardier Inc	81.110	-4.880	-5.68%
Enbridge	42.68	+0.68	+1.62%
Air Canada	15.77	-0.59	-3.61%
Broadcom DRC	43.73	-2.63	-5.67%
Apple	227.48	-11.59	-4.85%
Alibaba ADR	132.54	-8.08	-5.75%
Tesla	222.15	-40.52	-15.43%

Canada 5Y	2.644	+0.013	+0.49%
Canada 10Y	3.006	+0.020	+0.67%
Canada 30Y	3.261	+0.023	+0.71%
U.S. 2Y	3.890	-0.006	-0.15%
U.S. 10Y	4.196	-0.122	-2.83%
U.S. 30Y	4.545	+0.006	+0.13%
Germany 10Y	2.8250	-0.0100	-0.35%

	Interest Rates	Next Meeting
BOC	3.00%	Mar 12, 2025
FED	4.50%	Mar 19, 2025
BOE	4.50%	Mar 20, 2025
ECB	2.65%	Apr 17, 2025
SNB	0.50%	Mar 20, 2025
RBA	4.10%	Apr 01, 2025
RBNZ	3.75%	Apr 09, 2025
BOJ	0.50%	Mar 19, 2025
CBR	21.00%	Mar 21, 2025
RBI	6.25%	Mar 10, 2025
PBOC	3.10%
BCB	13.25%	Mar 19, 2025

Q2 Earnings Highlights: Gibraltar (NASDAQ:ROCK) Vs The Rest Of The Home Construction Materials Stocks

Gibraltar (NASDAQ:ROCK)

Best Q2: JELD-WEN (NYSE:JELD)

Weakest Q2: Simpson (NYSE:SSD)

Trex (NYSE:TREX)

Fortune Brands (NYSE:FBIN)

Related Articles